assignment questions accounting auditing principles amp procedur

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Instructions – PLEASE READ THEM CAREFULLY

  • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
  • Assignments submitted through email will not be accepted.
  • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
  • Students must mention question number clearly in their answer.
  • Late submission will NOT be accepted.
  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
  • All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
  • Submissions without this cover page will NOT be accepted.

Assignment Question(s):(Marks 5)

IMPORTANT NOTE: Answer in your own words, DO NOT COPY from slides or fellow student.

1- What are the types of audit report opinions? When should an auditor issue each report? (2 Marks).

2- What is the importance of Auditor’s Risk Assessment process? Detail your answer. (1 Mark).

3- What is the difference between substantive analytical procedures and test of details? Detail your answer. (1 Mark).

4- Discuss how does internal control assessment affects audit risk model? (1 Mark).